June 19, 2024

U.S. Drought Conditions Are Reaching Epic Proportions

Virtually the entire country is in a severe drought.  Americans can’t catch a break between sky high oil prices, collapsing real estate, declining incomes, unemployment and the threat of another recession.  Now we face the prospect of a major increase in food prices due to the destruction of food crops due to the drought – […]

Crashing Chinese Stock Market Is A Red Flag For World Economy

While the Dow Jones Industrial Average approaches all time highs, the Chinese stock market is flashing a bright red warning signal about the world economy.   Since China is the world’s second largest economy after the United States, a recession in China is almost certain to negatively impact the global economy. One look at the iShares […]

Yes, It’s True, Money Can Make You Happy – “Economic Suicides” Soar Worldwide

I really love it when I hear people say that “money can’t buy happiness.”  This quaint old saying is usually a palliative remark, spoken by people without money who really wish they had money. The brutal reality being made crystal clear by the spreading world wide depression is that many people without money are discovering […]

Why U.S. Deficits Are Necessary and Austerity Is Self-Destructive – Finance For Dummies

Would the United States be committing economic suicide by instituting an austerity program to reduce the national debt and deficit spending?  One man who thinks so is Bill Black, author of “The Best Way To Rob A Bank Is To Own One.”  Bill Black is a financial expert, frequent critic of the banking industry and […]

Obama’s Speech On Financial Crisis Will Plunge Us Into Depression

Crippling debt and deficits have lead the global economy to the precipice.  Finances of world governments since the financial crisis have dramatically deteriorated and confidence in paper money has reached a new low.  Equity markets are crashing while gold (the barometer of trust in paper money) soars. As we stare into the abyss, President Obama […]